Hi Traders, the EUR/USD is moving sideways and has not yet invalidated or confirmed the bullish reversal. The 1.14 resistance zone remains key, just as the 1.1275 support. The GBP/USD looks ready for a bullish breakout but the resistance at 1.30 will play a key role. Do you want to leave your feedback? Please write a review on Forex Peace Army.
The EUR/USD requires a bullish breakout the 1.14 resistance zone before a larger bullish reversal could take place.
The GBP/USD could be building a wave 4-5 bullish continuation if price manages to break above the 1.2925 and 1.30 resistance or the GU pair is making a bearish ABC zigzag pattern which could take it back down to the 50% Fib.
Check out the video below for the full analysis and trade plans on 22-23 Jan 2019:
EUR/USD, GBP/USD technical analysis
Review of patterns, trends, key S&R levels
Explanation of potential trade ideas both up and down
Beginner friendly, explaining concepts in more detail